Dec 27, 2019
Today, I want to announce
that we have officially started our own REIT- Real Estate
Investment Trust. It will be out next month since we don't want to
incur any tax and file tax returns so we decided to start it in a
new year.
We are also positive that we
will be officially announcing our first purchase in a short time.
The name of our Canadian REIT is called Distinct Real Estate
LP.
To start with, our primary
focus is to invest in the stable job markets in the US. We already
have researched and established target investments based on the
factors where:
- Average Rental Rates increasing is above national average
year-over-year.
- Unemployment rate is lower than national average.
- Real Estate appreciation rates are higher than most of the
cities and towns.
- Annual population growth is higher than national average.
Based on our findings, where
minimum wage is just above $7 USD, people have to work for about 90
hours a week to afford a single bed house and 112 hours/week for 2
bedroom house.
So many people earning that kind of
money has to have a place to live and that's why we are
primarily focusing on affordable housing where our target rent is
$500 USD or higher.
Our investment mandate would
be to acquire cash flow generating apartments for as low as $25,000
per unit. Renovate units as required to maximize rental revenue.
Increase our operational efficiency and reduce overhead costs. Pay
down mortgage from rental income and build equity for
investors.
The investment opportunity
is open for cash investors only and certain accredited investors
with minimum investment amount of $50,000 USD and return usually
paid out quarterly.
Again, all the terms and
conditions are not finalized as of yet and when it will, I will
send out more information through my email and also update it on my
website; www.ednakeep.com
To find out more about our
REIT.
Again, if you're thinking
till year end to invest in real estate and want to learn
more, book a strategy call with
me to join my program 90 Days to $5K.
Edna
